Barrick sells 10% of African Barrick
Barrick Gold (TSX: ABX; NYSE:ABX) has sold part of its 74%-stake in its subsidiary African Barrick Gold (LSE: ABG; US-OTC: ABGLF), in a move to keep optimizing its portfolio amid weaker gold prices.
Articles by Northern Miner Staff
Editorial: Oliver rises to finance minister
Although the move was long anticipated due to his chronic ill health, it still felt surprising that Canada’s third-longest serving finance minister, Jim Flaherty, was finally resigning from cabinet after eight years in the post.
Metals, mining and money markets
Spot pricesCourtesy of Scotiabank Tuesday, March 11 2014Precious MetalsPrice…
Analysts like gold-focused royalty firms
Royalty and streaming companies make good investments, argue Raymond James analysts Alex Terentiew and Ross Yakovlev in a recent note.
Cigar Lake production shines spotlight on Denison Mines
The start of ore production at Cameco Corp.’s (TSX: CCO; NYSE: CCJ) Cigar Lake uranium mine is good news for Denison Mines (TSX: DML; NYSE-MKT: DNN), which owns 22.5% of the McClean Lake mill where all of Cigar Lake’s ore will be…
Alacer focuses on upside in Turkish portfolio
VANCOUVER — Following a strategic decision to sell-off its Australian portfolio for roughly US$36 million in late October, U.S.-based producer Alacer Gold (TSX: ASR; US-OTC: ALIAF) is all about Turkey. The company delivered a…
PDAC: What turns a discovery into a mine?
Less than half of the discoveries made since 1950 have turned into mines so far, Richard Schodde, managing director of Melbourne-based MinEx Consulting, said at the recent Prospectors & Developers Association of Canada’s annual…
Every hole a hit as Fission joins zones at PLS
VANCOUVER — Thirty-six holes into a 90-hole winter program, the five drill rigs at Fission Uranium’s (TSXV: FCU; US-OTC: FCUUF) Patterson Lake South (PLS) project are batting 100% in their hunt for mineralization between the known…
New producer Marlin Gold debuts streaming subsidiary
VANCOUVER — Marlin Gold Mining (TSXV: MLN; US-OTC: MLNGF) just built a gold mine in Mexico’s Sinaloa state for US$23 million. That is intriguing, but on closer inspection, the intrigue deepens.
The age of paternalism is gone: Bob Rae
Progress is being made at the bargaining table on a framework agreement between the Matawa Tribal Council and the provincial government on advancing the Ring of Fire, said former Ontario premier Bob Rae, who represents the council in the…
Rob McEwen on gold, royalty companies and Argentina
In January 2013 Rob McEwen’s McEwen Mining (TSX: MUX; NYSE: MUX) opened its 100%-owned El Gallo 1 open-pit heap-leach mine in Mexico for $13 million. This year the mine is expected to produce 40,000 oz. gold at an average cash cost of…
Positive PEA for Maya’s Zgounder
VANCOUVER — A preliminary economic assessment (PEA) says Maya Gold & Silver (TSXV: MYA; US-OTC: MYAGF) should be able to restart at minimal cost the Zgounder silver mine in Morocco, which has been shuttered for 24 years.